Selective Catalytic Reduction Market Size, Share Global Analysis Report, 2019–2026

Industry Insights

The report study analyzes the market statistics at the global as well as regional levels to gain an in-depth perspective of the overall Selective catalytic reduction Market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. This professional and specialized report study examines the technical and business perspective of the Selective catalytic reduction industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the Selective catalytic reduction Market.

The quantitative data is provided in terms of both volumes (Units) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

Key Insights from Primary Research

• Our primary respondents believe the market to witness a rapid growth of 8.6% over the forecast period on account of rising environmental concerns.
• Some of the CXOs predict the transportation segment to maintain its dominance throughout 2026 due to an increase in the adoption of appropriate emission standards by several countries across the map. Furthermore, the manufacturers operating in this market are partnering and also expanding their presence through mergers and acquisitions across various industry verticals.
• Some of the industry experts interviewed in the Asia Pacific revealed that the transportation segment is expected to generate considerable revenues for the Selective Catalytic Reduction industry. The rising adoption of automobiles in Asian countries is expected to propel market growth.
• Regionally, the Asia Pacific region is expected to contribute largely to the global Selective Catalytic Reduction market. Some of the interviewees said that their future plans are to focus majorly innovating in features of Selective Catalytic Reduction application areas. The manufacturers operating in countries such as the U.S. and Canada are expected to create higher adoption opportunities for the Selective Catalytic Reduction market.
• The information & technology subject matter experts suggest investing in R&D activities to come up with newer, economical, and more efficient Selective Catalytic Reduction. They believe advanced technology in the chemicals and automobile industry will witness widespread acceptance across the value chain of the Selective Catalytic Reduction market.

Key Recommendations from Analysts

• Our analysts recommend focusing on the Asia Pacific Selective Catalytic Reduction market since their calculations revealed that this region turned out to be the top investment pocket across the globe owing to greater opportunities in emerging countries such as India and China.
• The major reason behind the upsurge in growth and lucrative opportunities underlying in this region is the introduction of norms and regulations by various government organizations across the globe.
• North America, on the other hand, is expected to foresee robust growth accounting for USD 3473.8 Mn in 2019. This is majorly attributed to rising high-end automobiles across the U.S. and Canada.
• The strategic mergers and acquisitions by key industry players and high demand across application areas are anticipated to fuel the market growth
• The executive summary of the report reads the total opportunity underlying the global Selective Catalytic Reduction market is nearly USD 23,888 Mn between 2020 and 2026.

Selective Catalytic Reduction – Cost Structure

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the Selective catalytic reduction Market in our study.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the Selective catalytic reduction Market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the Selective catalytic reduction Market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the Selective catalytic reduction Market.

The research study provides a critical assessment of the Selective catalytic reduction industry by logically segmenting the market on the basis of product type, connectivity, port, distribution channel, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the Selective catalytic reduction industry includes the holistic bifurcation of all five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Selective Catalytic Reduction (SCR) is an emission-controlling process widely used to reduce the emission of nitrogen oxide emitted by vehicles, industries, and other chemical procedures. Selective catalytic reduction offers several benefits, for instance, better fuel economy, easy installation, and meets several emission standards among others.

There are specific rules and regulations governing emission control across various countries that are increasing the demand for selective catalytic reduction. With an increase in passenger vehicles across the globe, controlling hazardous gases has become mandatory. Counties in Asia Pacific have adhered to emission norms to curb environmental threats. Therefore, countries such as India, China, Japan, and others are considered as investment opportunities for selective catalytic reduction manufacturers. In North America, rising industrial activities are going through rapid growth owing to the increasing usage of selective catalytic reduction (SCR) for automotive and transportation, marine, chemical, and oil & gas end-use industries. This is expected to drive the transportation segment for a selective catalytic reduction market.

The Selective catalytic reduction Market is categorized by product type, and by application. The product type segment is further divided into Anhydrous Ammonia-SCR, Aqueous Ammonia-SCR, and Urea-SCR. By Application, the market is divided into Transportation, Power Industry, Chemical Industry, Steel Plant, and Others.

Report Scope

Some of the key players operating in the Selective catalytic reduction Market are as follows:

•  Johnson Matthey
•  Hitachi Zosen
•  Wartsila
•  GEA
•  Babcock & Wilcox
•  Dürr
•  Rochling
•  Scheuch GmbH
•  Eminox
•  DCL International
•  Baumot
•  Babcock Power Environmental
•  VoSS

The taxonomy of the Selective catalytic reduction industry by its scope and segmentation is as follows:

Global Selective catalytic reduction Market: By Product Type Segmentation Analysis

• Anhydrous Ammonia-SCR
• Aqueous Ammonia-SCR
• Urea-SCR

Global Selective catalytic reduction Market: By Application Segmentation Analysis

• Transportation
• Power Industry
• Chemical Industry
• Steel Plant
• Others

Global Selective catalytic reduction Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising a dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)